Feds Settle with Purdue Pharma and Sackler Family

Share

The Department of Justice says it has reached a global resolution of its criminal and civil investigations into the opioid manufacturer Purdue Pharma and a civil resolution of its civil investigation into individual company shareholders from the Sackler family. The agreements are subject to the approval of the federal bankruptcy court.

A department statement says Purdue will plead guilty in New Jersey federal court to a three-count felony information charging it with one count of dual-object conspiracy to defraud the United States and to violate the Federal Food, Drug, and Cosmetic Act, and two counts of conspiracy to violate the federal anti-kickback statute.

The department says the criminal resolution includes the largest penalties ever levied against a drug manufacturer, including a criminal fine of $3.544 billion and an additional $2 billion in criminal forfeiture. Purdue also agreed to a settlement of $2.8 billion to resolve its civil liability under the False Claims Act. The Sackler family separately agreed to pay $225 million in damages to resolve its False Claims Act liability.

Read more